Consumer Confidence in U.S. Fell More Than Forecast

Dec. 27 (Bloomberg) -- Confidence among U.S. consumers declined more than forecast in December as the budget debate in Washington soured Americans’ outlook for the economy. Michael McKee reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
20:10 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
  • Goldman’s Daly Says EU Likely to Remain Resilient
  • Is Tesco Cannibalizing Itself?
  • House Building Tops Conservative Party Conference